Friday, July 15, 2011

Obama Appointee has "special relationship" with Treasury Secretary Timothy Geithner

On September 17, 2010, President Barack Obama appointed Elizabth Warren to be his special assistant in charge of organizing and establishing the
CFPB
in this role, Warren would also serve as a special advisor to Treasury Secretary Timothy Geithner. Senate approval was not needed for this appointment, though it would have been required if Obama had named Warren to be CFPB's Director; Obama was aware that the Senate was unlikely to have confirmed Warren for that post. Following Warren's appointment, Republican Congressmen Darrel Issa (CA) and Spencer Bachus (AL) sent a letter to the White House requesting more information about what they called an “unusual arrangement” that was “undermining congressional oversight.”[1]

Washington, DC July 14, 2011
At today’s Oversight and Government Reform Hearing “Consumer Financial Protection Efforts: Answers Needed”:

Rep. Buerkle questioned Warren.